# MoneyMatch

> MoneyMatch is a Kuala Lumpur-based fintech founded in 2015 that moves money across borders faster and cheaper than traditional banks. Starting as a peer-to-peer currency exchange, it grew into a licensed money services business serving individuals, SMEs and financial institutions across Malaysia, Singapore, Brunei, Hong Kong, Australia and New Zealand. It uses digital eKYC, machine learning treasury tools and blockchain rails - including Ripple - to settle payments in dozens of currencies, and is now an equity partner in Malaysia's KAF-led Islamic digital bank.

- **Founded:** 2015
- **Headquarters:** Petaling Jaya / Kuala Lumpur, Malaysia
- **Founders:** Adrian Yap (Co-Founder & CEO), Naysan Munusamy (Co-Founder)
- **Team size:** 110-130 employees
- **Products:** MoneyMatch Personal (Remittance App), MoneyMatch Business / SME Transfers, Pulse (Enterprise payment platform), RemitFX API, Insurance & Financing add-ons
- **Notable:** Among the first startups in Bank Negara Malaysia's Fintech Regulatory Sandbox (2017), Graduated to a full license under the Money Services Business Act (2019), Closed US$4.4M (RM18.5M) Series A led by KAF Investment Bank (2021)

## Products & services

- **MoneyMatch Personal (Remittance App)** — Mobile and web app for individuals to send money abroad via bank transfer, mobile wallet and cash pickup, with eKYC onboarding and bank-beating FX rates.
- **MoneyMatch Business / SME Transfers** — Cross-border trade payments and mass disbursement for Malaysian SMEs, sending in 40+ currencies across 120+ countries.
- **Pulse (Enterprise payment platform)** — Proprietary enterprise and treasury platform powering bulk and cross-border payments for financial institutions and businesses.
- **RemitFX API** — Developer API letting partners integrate MoneyMatch's cross-border payment and FX rails into their own products.
- **Insurance & Financing add-ons** — Complementary financial products (insurance, financing, cards) offered alongside remittance.

## Achievements

- Among the first startups in Bank Negara Malaysia's Fintech Regulatory Sandbox (2017)
- Graduated to a full license under the Money Services Business Act (2019)
- Closed US$4.4M (RM18.5M) Series A led by KAF Investment Bank (2021)
- Won an Islamic digital bank license as part of the KAF-led consortium (2022)
- Completed Malaysia's first cross-border transaction using Ripple blockchain
- Surpassed MYR 10 billion in cumulative transactions (2023) and reports MYR 66B+ to date
- Expanded licensing to Singapore (Major Payment Institution) and Brunei (2024)
- Approved as a Hong Kong Money Service Operator (2022)

## Latest updates

- **2024** — Secured Singapore Major Payment Institution license and a Brunei remittance license, deepening regional coverage.
- **2023** — Surpassed MYR 10 billion in cumulative transactions and closed a successful ~MYR 4M equity crowdfunding round.
- **2022** — Won a share of Malaysia's Islamic digital bank license via the KAF-led consortium and launched a Series B fundraise targeting US$8-10M.
- **2021** — Closed US$4.4M Series A led by KAF Investment Bank.

## Links

- Website: https://moneymatch.co
- LinkedIn: https://www.linkedin.com/company/moneymatchapp/
- Twitter/X: https://twitter.com/moneymatchapp
- Instagram: https://www.instagram.com/moneymatchapp/
- Facebook: https://www.facebook.com/moneymatchapp/

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Profile page: https://yespress.io/moneymatch
Published by YesPress — https://yespress.io
Last updated: 2026-07-27